With the EU's new steel import quota regime, introduced on July 1, tightening the supply outlook in the European domestic market, flat steel prices in Germany continue to move upward.
Prices for hot-rolled coil (HRC) and cold-rolled coil (CRC) in the German flat steel market have increased, while trading activity remains limited due to the summer holiday period. Market sources note that the EU's revised safeguard measures have tightened supply conditions, supporting domestic mills' efforts to raise prices.
As of July 14, HRC prices in Germany are assessed at EUR 700/t, while CRC prices have reached EUR 800/t. Plate prices, meanwhile, remain stable at EUR 775/t. According to market participants, the reduction in import alternatives is providing support to the European domestic market. However, buyers continue to act cautiously as demand remains weak.
Meanwhile, service centers and end-users are reportedly purchasing only volumes sufficient to meet their short-term requirements. Market participants believe that a potential improvement in demand following the summer holiday period, particularly from September onward, will be a key factor in determining the direction of prices.
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